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Why VoIP is the Future

voip landline ft image

VoIP is the future of the telephone

You’ll likely have heard all about the national landline switch off by now.

Don’t get left behind – you’ve only got two years to prepare!

With the right VoIP solution, you can revolutionise and streamline the way you work.

Is VoIP right for my business?

Regardless of your industry, you’ll find that there’s a lot of ways in which the right VoIP system supports your productivity.

As with all business suppliers, it’s important that you compare before you buy – especially if you’re new to VoIP.

Noisy office environment? Make high quality conference calls to remote staff.

Want to re-route customer calls? Create a seamless self-service phone option. We’ve got deals from every VoIP supplier in one place, so you can find a new deal with ease. Speak to our experts for professional advice today.

Small business? VoIP could be an asset to you too

Don’t overlook VoIP – it’s not just for big teams or large businesses!

In fact, recent research finds that more than one-third of all businesses now use a VoIP phone system.

The vast majority of those being businesses have less than 50 employees, proving you don’t need to be a large brand to access the best tech.

What is VoIP and how does it work?

Voice over Internet Protocol (VoIP) is internet-based phone system.

Instead of transmitting voice conversations over copper phone lines, you make calls through the internet.

Although it might sound technical, it’s simpler than you realise – and not too dissimilar to Skype.

If you have internet, you’re already halfway there!

Not only will VoIP replace your traditional business landline, but you can also make calls from your laptop, mobile or other smart devices.

All of this happens instantaneously.

Benefits of VoIP

There are several reasons why more businesses are switching to VoIP phone systems, which don’t necessarily revolve around cost.

Call quality

VoIP calls don’t use a lot of bandwidth, which means you get to enjoy clear and crisp audio quality. As long as you have stable internet, your calls will be higher quality than landline.

Simple installation

In addition to better sound quality, the cloud is also making VoIP a more viable option for small businesses.

Rather than having to install special equipment or wiring, companies can simply choose a cloud-hosted VoIP phone solution. This means you don’t need to buy any more equipment or employ IT staff to maintain it.

Ease of use

VoIP systems are very user-friendly. You also get a dedicated level of customer service from your supplier, in the rare event of any downtime.

Flexibility

Depending on your needs, you can scale up or down with ease.

This is especially true if you choose a cloud-based solution, which is easy to tailor and grows with your business. Say you hire new employees and need more phone lines – it can easily be arranged with your supplier!

Remote connectivity

One of the biggest advantages of VoIP is that it allows you to collaborate seamlessly with remote staff. Your team can take their business phone line anywhere they go, meaning higher rates of productivity.

You can also stay in close contact with your customers on the go by having business calls re-routed to your personal mobile.

Cost benefits

Cost is another reason businesses are making the switch from landline.

VoIP technology can also be relatively low cost, making it ideal for small businesses – but you still need to research before you commit!

Most VoIP providers charge a monthly fee per-user, making it a lot cheaper to maintain than old-school landline systems.

Add-ons

VoIP plans are highly customisable. It’s crucial you compare and research beforehand to make sure you pick a deal with the right features for your business.

These include conference calls, call logging and routing, customer insight, call recording, a virtual receptionist and many more.

You can even integrate VoIP systems with other business services, like email.

We can also find you a solution to disguise your personal mobile number for professional use – so you can still work on the go.

Ready to find a VoIP deal?

We’ve got every VoIP plan from every supplier in one place.

The package you choose will significantly impact price, features and installation – all of which we can help you consider.

Compare VoIP suppliers for free.

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The Cost of Going Cashless

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Is it time to go cashless?

As a small business owner, one way to engage more customers is by having a range of cashless ways to pay.

The slight drawback is card payment fees you then accumulate.

We’ve explained below everything you need to know about making your business cashless, including what sort of charges to expect.

What do I get charged per transaction?

With each card payment, you can expect to pay 1.5 – 3.5% of the sale. This depends on what type of card your customer uses, or whether they use a card at all (mobile payments).

Credit cards tend to cost more than debit cards – and cardless payments cost even more.

On top of this, transaction fees will be around 1-3% of each sale.

There are also authorisation fees, which take between 1 – 3p per sale.

Amex transaction fees can be up to a whopping 4% – which makes it understandable why a lot of small business owners refuse them.

Finally, merchant service charges can be around 0.25% to 0.35%.

These are just the fees associated with each sale – there’s still a few more prices you face!

Extra charges to know about

Card machines cost around £30 – £80 upfront and the set up should be just under £100.

On a monthly basis, you will pay up to around £30 a month for service fees and merchant account fees (however, these monthly fees depend on your provider and also the total money made from transactions).

Last but most certainly not least is the PCI compliance fee, which will never be more than £5 a month – but you must never go without unless your supplier pre-pays.

Can I save or cut back?

The provider you’re with has a huge impact on price, so you’ll need to compare and find the best for your business. Examples of providers to choose from include WorldPay, Zettle, Square, PayPal and Barclaycard Anywhere.

Comparison really is crucial, given how wildly prices can vary. You’ll find that a lot of providers offer special discounts for small businesses.

It’s also important you investigate hidden fees, like chargebacks and refunds (which can cost up to a £1 a go!).

Is it worth the fees?

Having a cashless payment option is absolutely essential.

Mobile and contactless payments are only on the rise, so you want to appeal to every audience.

A staggering 57% of all payments made last year across the UK were on cards, and 32% were contactless.

Making your business a cashless site also has a lot of safety and efficiency benefits.

Ready to save more money?

We search deals with leading business suppliers across the UK.

Ranging from broadband and VoIP, to water and one-bill solutions, we can help you save money on various monthly costs.

Speak to our experts today or start searching for yourself.

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Always check your broadband end date

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Broadband contract ending soon? Lucky you

Receiving that end date notification means you’ve got a chance to save more money.

What’s more – it doesn’t take half as much time or effort as you might think either.

Given how the cost-of-living crisis has affected us all, it’s never been more crucial to compare and switch.

We see a lot of customers being pleasantly surprised at how much they could save on their broadband.

Despite this, it’s often overlooked – and for reasons that surprise us.

Did you know you could save nearly £200 a year by switching your ISP?

What about auto-renewal?

Unfortunately, loyalty doesn’t help you save money!

Although it became law in 2020 for energy suppliers for notify customers when their end date is due, this doesn’t mean you don’t have to act on it.

In most cases, you’ll continue your current plan – but not necessarily for the same price.

Say you chose your current 12/18/24 month contract because of its low monthly price, this will only be for a limited time.

Despite Ofcom making it law to notify customers, a lot of people are still facing an unpleasant surprise when their fixed term ends.

Why don’t more people switch?

We see a lot of customers reluctant to switch, either out of misguided loyalty or because switching seems like a lot of hassle.

According to a recent Which survey, 43% of people say they stay put because they’re happy with the service. This is fair enough, but is it worth paying more for? Fibre is more widespread and affordable than ever before, so you might find a new supplier makes you even happier!

37% are afraid they’ll lose their current email address. These days, losing your email is unlikely – but it’s quick and easy to set up a separate one.

32% say they fear the whole process is “too much hassle”.

We’re here to compare and switch for you, so you get to enjoy a seamless change over.

A bit of bargain hunting pays off – especially when you do it with our experts.

Switching is easier than you think

A lot of broadband networks now share the same infrastructure, making a switch over quick and easy. It’s highly unlikely that you’ll be left without an internet connection during your switch, even if you’re upgrading from ADSL to fibre.

Generally, you’ll never be waiting longer than 2 weeks for the transition to be complete – and this for the most complex switches.

Saving doesn’t mean downgrading!

More properties are eligible for fibre than ever before. In fact, 95% of properties can now access superfast Wi-Fi – but a lot of homeowners don’t know this!

If it’s been a while since you last changed deals, you’ll be surprised at how many suppliers have upgraded their service. Because fibre is readily available, prices are competitive – making it all the more crucial to compare.

Find the best deal today

Once you’ve given us your postcode, we scour the web to find every available deal in your area.

We handpick deals from a range of suppliers (including bundles and 4G routers).

Plus, you’ve got our friendly, impartial advisors to help guide you through the process too!

Search for your new broadband deal in a few clicks.

With the help of our experts and our free tool, you can also find your next mobile deal with us too.

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How Switching Water Suppliers Can Save Your Business Money

Business Water Bills

Repost from MoneyExpert.

Could you be overpaying on business water?

Since April 2017, the business water market in England was deregulated, fully opening up to competition.

From then on, businesses have been able to choose which company they want to buy their retail water services from.

This includes a variety of services, like billing, account management, meter reading and water efficiency advice.

Ofwat closely monitor and regulate the market to protect business customers, for example by setting limits on the price that customers pay if they don’t switch or renegotiate a new deal.

How does the business water market work?

The market works much like other open utility markers, like for gas and electricity. Retail suppliers buy wholesale services, such as the physical supply of water or the removal of wastewater. They then offer packages to sell to their business customers.

Who are the market’s key players?

  • Retail suppliers – these suppliers compete for your custom.
  • Wholesalers – the companies which own and operate the network of water pipes, mains and treatment works. They sell water and wastewater services to the retail suppliers.
  • Open Water – this is the government’s programme which aims to open the new business retail market. Open Water is led by three organisations – Ofwat, Defra and MOSL. The programme shares information about the market with business customers.
  • Defra – the Department for the Environment, Food and Rural Affairs.
  • Ofwat – they are the economic regulatory body for the water sector. They are also the market’s licensing authority. In order to offer water services to customers, suppliers must first be awarded a license by Ofwat.
  • MOSL – the Market Operator, who makes sure that the market functions simply and efficiently. They facilitate the transfer of customer information when said customer switches retail supplier.
  • WICS – the Water Industry Commission for Scotland is responsible for regulating the water market in Scotland.

Changing water supplier – what are the benefits?

Switching to a new water supplier comes with a host of benefits for your business. For example:

  • You can request consolidated and electronic billing, making your water bill easier to pay back. What’s more, you can ask for more frequent bills, allowing you to monitor more closely your business’ water usage.
  • You can also obtain consumption and billing data to whatever standard you would prefer, including online self-service.
  • You may also receive better customer service, as you would have the choice of competing your supply, rather than receiving customer service just from your local supplier.
  • You could save money by choosing a more cost-effective supplier.
  • If you have multiple sites in different areas, you could streamline your bills by choosing one supplier for all sites.

How to switch

The process of switching water suppliers is easy and simple, so it’s well worth doing if you want to take advantage of all of the benefits that come with it.

  1. Find the right supplier for your business: Write down everything that you’re looking for in a water supplier, from good customer service to getting help with water efficiency. You should then look through Open Water’s online catalogue of providers to find one that meets all your requirements.
  2. Get a quote: when you’ve found your ideal supplier, make sure their price is also ideal for your business. Have your Supply Point Identification (SPID) number on hand. You can find this on your latest water bill.
  3. Sign up: sign an agreement with your new supplier. Normally, they will contact your current supplier to let them know that you’re moving. When switching supplier, you will need the following essential information on hand:
    • Your organisation’s name
    • Your business’ address, including postcode
    • Your annual water consumption
    • Contact name at the premises
    • Contact phone number for your premises
    • Desirable but not essential is your unique property reference number, demand profile and annual spend

How to increase your business’ water efficiency

Water is a precious and finite source – less than 3% of earth’s water is fresh, and only 0.3% is readily accessible. In the UK, businesses account for 25% of water usage, so it’s important that every business is conscious of how much they’re using.

Benefits of water efficiency

  • Saving water can cut down your energy bill, as the two are closely linked. For example, when you run a tap, energy is used to pump the water.
  • You can save other resources too. It takes five litres of water to run a lightbulb or one plastic bottle. Reducing your business’ water consumption can therefore help you save in other areas.
  • The less water you use, the bigger savings you will see on your bill. Even the smallest changes can have a tangible impact.

Understanding your current water usage

Before you can come up with a plan to become more water efficient, you need to understand your current consumption. This can help you to understand how and where water is being used on your premises, allowing you to target key areas.

  • Take a meter reading: take these readings frequently over one month, at the beginning and end of each day.
  • Look at your previous bills: if you notice that your consumption varies a lot without there being any obvious reason for this, then leaking of faulty equipment might be the culprit, or your bill might be inaccurate. If this is the case, then further water audit or an investigation may be required.

Implementing water saving devices

Taps:

  • Automatic taps: these can save you up to 70% compared to manual taps. This is because a lot of water is wasted when a tap is turned off and on manually. With an automatic sensor, it takes 0.5 seconds to turn a tap off and on. These taps also remove the problem of drips.
  • Spray taps: these can also save you up to 70%. With spray taps, water is forced through small hole filters, creating a spray. This decreases the amount of water that runs through your taps.

Toilets:

  • Dropping cistern water: this is often done by placing a brick in the cistern and can save up to 5,000 litres of water per year.
  • Dual flush technology: this can save up to 70% of water.
  • Passive infrared sensor: this can save up to 75% of water involved in flushing urinals.

Other things to think about:

  • Banning bottled water: by replacing bottled water with water fountains, you can reduce your water costs by as much as 50%
  • Rainwater storage tanks: you can save money by capturing and recycling rainwater. We get plenty of it in the UK, so why not exploit it? Storage tanks range in size, so you can get the right one to suit your business premises.

 

Ready to save on your business bills?

We search offers with your best interests in mind.

Browse the latest business water deals in seconds and see how much you could save.

Deals are found instantly and always tailored to your business and budget.

Whether you’re looking to save on VoIP, card payments, or more, we can help you find a better deal today.

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Business Owner? Here’s What the Energy Relief Scheme Means

Energy business bills

Re-posted from Edit.net.

Could you see a reduction in your business energy bills?

Government measures to combat spiralling energy costs across non-domestic sectors have now come into force, with the Department for Business, Energy and Industrial Strategy (BEIS) confirming that businesses could see costs slashed by more than half for the next six months.

“Halve the costs of electricity for businesses”

The former Business Secretary Jacob Rees-Mogg unveiled the Energy Bill Relief Scheme back in September, in a bid to more than halve the projected costs of electricity and gas for businesses, charities and public sector organisations.

Equivalent to support through the Energy Price Guarantee, it provides a discount on wholesale gas and electricity prices for all eligible non-domestic customers who were facing soaring energy costs.

How will the new pricing work?

The Department for Business, Energy and Industrial Strategy (BEIS) claims that the Government has introduced a new support price of £211 per MWh for electricity, compared to a projected price of £600 per MWh and  £75 per MWh for gas compared to a projected winter price of £180 per MWh.

The new pricing, which will be applied in pence per kilowatt hour (p/kWh), is available to all non-domestic energy contracts, including businesses, voluntary sector organisations, such as charities and public sector organisations such as schools, hospitals and care homes.

Have you already noticed some cost savings?

The changes were due to come into effect on 1 October, but savings applied to October bills are usually received in November, so businesses will now be able to receive the benefits.

BEIS has confirmed that the scheme will run for an initial six months.

Business and Energy Secretary Grant Shapps said: “Seeing the savings from our energy support in bills will give businesses across the country peace of mind at a time when they are facing increased pressure.

“By shielding them from a massive increase in energy costs we’re protecting jobs and livelihoods, just as we did throughout the pandemic – ensuring UK businesses do not fall at the hands of Putin.”

The Government is reviewing what will happen to the scheme after April 2023, and will target support for businesses most affected by high energy prices. BEIS has also issued new guidance on the scheme.

Many green economy representatives have asked why the relief scheme has not been paired with other measures, like a new national home insulation scheme.

Others have urged politicians to couple plans for dealing with the cost-of-living crisis with plans for climate action.

Ready to reduce your other bills?

We’ve compared business broadband, VoIP, water bills, and mobile suppliers in one place.

Regardless of your industry, or business size, we bet we could save you some money.

Find out for free if you’re on the best business plan.

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11 Million Homes Now Connected to Fibre

11 million homes connected to fibre

Repost from Digital TV Europe.

Are you living in a newly-upgraded full fibre area?

Some 11 million UK homes now have access to fibre broadband, up from seven million a year ago, according to regulator Ofcom’s Connected Nations autumn update.

According to the report, 37% of households can now get full fibre, capable of delivering download speeds of up to 1 Gbps.

This is an increase from 24% a year ago, when just under seven million homes were covered.

The number of properties unable to get a broadband speed greater than 10 Mbps download and 1 Mbps upload has meanwhile fallen by 38% since last year to 83,000.

The number of homes able to get gigabit capable broadband is now almost 20.2 million homes or 68% of all UK homes, up from 19.3 million or 66% at the time of Ofcom’s last update.

Full fibre coverage now reaches 37% of homes, up from 33% in the four months between January 2022 and May 2022, an increase of four percentage points, with just over 11 million homes now covered. Superfast broadband coverage across the UK stands at 96%, with Northern Ireland, the leading region both for full fibre (83% coverage) and gigabit broadband coverage (85%) saw an increase of a percentage point in superfast coverage.

The number of premises unable to get decent broadband, when factoring in fixed wireless and fixed line, has dropped from 99,500 to 83,000 premises since Ofcom’s Spring update.

However, those unable to achieve decent broadband over a fixed line has increased from 506,000 to 513,000 over the same period.

Could you be eligible for fibre?

You can find out for free.

We’ve compared broadband deals from every ISP across the UK.

Tailor results today – all we need is your postcode to find you your next dream broadband plan!

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Business Water Bills Explained

Business Water Bills

Our Rundown of Business Water Bills

The cost of business water can quickly add up when you’re misinformed.

However, all businesses need running water.

In fact, research from Energy Costcutters shows that 67% of businesses across the UK and Scotland have been overcharged on their business water bills.

Here’s what you need to know.

It’s key to note that your business water bill varies depending on your area and your local utility company charges.

Consequently, there are over 20 different licensed water suppliers for UK businesses, but their charges are regulated and fortunately, predictable.

So how does it all work?

In simple terms, your bill is split up by the water coming and coming out of your business premises.

These are known as Water charges, and Wastewater charges.

Water charges

This cost relates to the supply of fresh water coming into your business premises and depends on how much water you and your team use.

Wastewater charges

These charges are for the removal of used water going out of your business premises into the local sewer system.

Being connected to the sewer system means that these charges apply to you.

Do you have a water meter?

You should submit your meter reading at least once a year (if not more), to avoid being charged for an estimated consumption.

Your bill will be an ‘estimated’, ‘read’ or ‘actual’ consumption.

The two charges your bill will be made up of are:

  • A fixed charge. Based on the type of water meter you have, and this covers both the readings and water meter maintenance.
  • A variable charge. Based on your overall business water usage.

No meter?

In this case, you’ll be paying a fixed price.

You’ll also be paying a charge relatable to the valuable of your business premises.

A lot of our customers find using a water meter offers more accurate and better-priced bills.

If you’re a small business, you’ll likely find that your water bill is similar to that of a household.

Large business owners should look for an alternative tariff better suited to high demand.

Our advice on reducing your business water bill

  1. Encourage all staff to get on board with saving water. Run fun competitions, ask for creative tips and urge staff to report any leaks
  2. Invest in efficiency. Geysers and water-efficient taps (or automatic taps) are worth buying to help you save in the long run. Dual-flush toilets are also a valuable investment.
  3. Leave notes around the office. Dishwasher in the breakroom? Leave a sign instructing staff to only turn it on when it’s full
  4. Get a water meter installed.

Looking to save more on your other business bills?

We compare business broadband, VoIP and mobile suppliers in one place.

It’s our mission to upgrade you whilst also saving you money.

Join countless other business owners in saving thousands today.

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Apple Users – Do You Need the iPhone 14?

Apple iPhones

It’s that time of year again – where a new iPhone hits the market.

Meet the iPhone 14 Pro, plus its slightly larger countermodel, the iPhone 14 Pro Max.

So you don’t have to, our Experts have already explored the main differences between the iPhone 14 and the iPhone 13.

First impressions

The 14 Pro is the same size and shape as the 13, featuring a 6.1-inch OLED screen and a stainless-steel edge.

However, even when the phone is locked, you’ll notice one key difference – an always-on display. Even on standby, you’ll see a dimmed version of your lock screen (useful for checking the time).

We’ve explained the other key changes below.

iOS 16

A new lock screen and features!

Every device runs on IOS 16, giving it a fresh and modern user experience.

The software even comes with a new revolutionary car-crash detection app, designed to sense the force of a collision and alert emergency services.

Speaking of this new update, it hit the headlines recently.

Its effectiveness (or rather, sensitivity) was noted by one American user, after their mobile identified a roller coaster as a high-impact car crash – mistakenly alerting the police to a theme park!

Imagine getting off a coaster and finding out your phone has called for help!

Battery and charging

Fit with the A16 Bionic chip, it’s 10x faster than previous models.

When it comes to battery life however, the 14 Pro isn’t too dissimilar to the 13. It offers 75 hours of audio playback and 23 hours of video.

The iPhone 14 Pro Plus is the new champion though, with 95 hours of audio and 29 hours of video playback available on full charge.

“Dynamic island”

You know that rectangular notch at the top of your iPhone screen? It’s now 31% smaller and interactive.

Just by clicking and expanding the notch, you can skip songs, stop timers, or open notifications.

Fondly called “Dynamic Island” by Apple, we can see why!

The main event – an impressive camera

Expect crisp and defined landscapes.

The new camera is what makes the 14 Pro that bit heavier than the 13 – and it’s worth it.

It features a 48-megapixel sensor and a slightly wider shot, plus a whole new image-processing technique called the Photonic Engine.

This Photonic Engine is particularly important for taking high-quality images in darker conditions.

The price

Our least favourite part.

Currently, the iPhone 14 Pro can be bought outright for £849.

The 14 Pro Max comes in at an even steeper £949.

Contracts are priced from around £39 per month, but you need to compare to find the best deal.

This way, you won’t get caught out by a hefty upfront fee or a ridiculously long contract.

Our conclusion

There’s no denying that the iPhone 14 Pro/Plus are impressive new phones, but this is certainly reflected in the price tag.

The iPhone 13 is also still an impressive phone – and now it’s more likely to drop in price.

However, we’re all trying to battle price rises right now, so you might not be interested in a super-luxurious mobile if it’s not necessary.

For now, you might be better investing in a new SIM deal to help save up for an upgrade

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Here’s Why you Need to Embrace 5G

ft image 5g blog

You may have noticed some tall masts in your area.

Sure, we know they’re a bit of an eye-sore.

But if you rely heavily on mobile internet, you’ll soon realise you’re actually in luck!

5G is set to change the way the entire world communicates, so here’s our expert deep dive.

First there was 3G – now we’re on another level

It was 10 years ago when 4G networks started taking over from 3G.

Fast forward 7 years to 2019, when 5G was first introduced by mobile networks EE and Vodafone.

5G was designed to be up to 10X faster than 4G.

Using smaller wavelengths and higher frequencies, this means that more users can connect simultaneously – without sacrificing speed.

This means the average mobile user connected to 5G could download nearly an hour of Netflix content in less than 20 milliseconds!

The issue of availability

You might be thinking, if 5G is so great, why aren’t we all connected to it?

There are two main issues preventing this being from being the case.

The issue of availability is still prevalent, with some more rural parts of the UK yet to see any developments.

New areas are becoming eligible every week, and 5G is expected to be available nationwide by 2025.

There’s also the issue of price – seeing as a lot of networks need you to buy their latest model.

This can quickly become off-putting if you compare alone, which is why we’ve made it easy to see every deal in one place.

Which networks offer 5G currently?­

EE, O2, Sky, Three, Vodafone and Tesco Mobile currently boast the most 5G coverage across the UK.

What’s more, major phone makes including Samsung, Apple and Huawei all offer 5G compatible models – and the list is always growing.

Why don’t you check your eligibility for free today?

What about 5G broadband?

5G broadband is already on the way. However, 4G broadband has been popular for years – and it’s not going away any time soon.

With 4G broadband, you essentially use a mobile router, which relies on air waves instead of a wired signal.

If you have strong mobile service where you are (but maybe not the best Wi-Fi options), this could be the solution for you.

Currently, EE, Three, Vodafone and Neatley, an independent supplier we’re proud to support, all offer 4G broadband deals.

If your network already offers 5G and mobile broadband, you’ll get the best of both worlds!

Will 5G replace 4G for good?

As previously mentioned, 5G isn’t predicted to be used across the UK until 2025.

Until then, 4G remains the go-to in a lot of areas.

This doesn’t mean incredible developments aren’t in the works every day. Plans for 5G use include high-tech bus shelters, street/traffic lights and modernised healthcare, just to include a few.

It also has the power to improve energy sustainability across the UK, with large businesses looking to invest.

Ready to upgrade?

Have we caught your attention?

It’s understandable – who wouldn’t want the fastest mobile speeds possible?

Regardless of how you plan on using 5G, we’ll make sure you get the right deal.

Before diving headfirst into plans and providers, you should compare with our friendly experts to ensure you find the right price.

 

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What the Election of Liz Truss Means for the Energy Crisis

10 Downing Street. MOD 45155532

We’re all feeling the strain of sky rocketing bills right now due to the energy crisis.

Further price rises and supplier uncertainty have been at the forefront of everyone’s mind.

Since Liz Truss became the new Prime Minister, the nation has been waiting with bated breath to hear her plans for tackling the energy crisis.

Luckily for us, we haven’t had to wait too long.

What is the energy crisis?

Gas and electricity prices have risen to unprecedented highs this year.

Since 2021, we’ve seen supply issues spiralling across the industry, leading to a record number of suppliers going bust.

The situation has only been made more dire following Russia’s invasion of Ukraine, further limiting Russia’s supply of gas to Europe.

Ofcom even urged the new Prime Minister to act “decisively and urgently” in helping UK households tackle the record-high cost of living.

So, on Thursday, 8th September, new PM Liz Truss addressed the nation.

We’ve explained below our breakdown and what to expect in coming weeks.

Major changes for October 2022

“It will curb inflation and boost growth”

Plans have changed – and a price freeze is “guaranteed”.

Instead of an eye-watering 80% increase to the price cap (which would’ve left the average homeowner paying over £3,500 a year), bills have been frozen at £2,500.

This has been introduced as the “Energy Price Guarantee” and it’s set to stay in place for two years.

Our Winter advice

This doesn’t mean every household will face a yearly bill of £2,500 – this is just the cap on what firms can charge customers.

We understand this new price freeze still isn’t welcome news to everyone, but it does mean you can take steps to lower your usage and your bill.

Our advice:

  • Take a meter reading. If possible, arrange for a meter reading to be taken as soon as possible – ideally on September 30th! Doing this before the changes come into effect means you won’t be charged for units you’ve not used
  • Invest in energy-efficient appliances. Investing now in upgrades like LED/Smart bulbs, new windows, or even a boiler servicing, will save you in the long run
  • Speak to your energy supplier. If you’re worried about your payments, or think you’re at risk of falling behind, speak to your energy supplier directly
  • Look to reduce your other bills. We’ve got every broadband and mobile deal on the market in one place for you.

We’ve helped countless other bill payers like you save hundreds of pounds per year by switching.

Start comparing for cheaper deals today.

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